*SFH in Morgan Hill, Spokane WA* *26.41% ROI +$111k Flip Profit* Light Rehab

Spokane County, Spokane, WA, 99223
Sold
Listed at: October 5th, 2022
Price
$360,000
ARV
$575,000
Gross Margin
$215,000
Sq. Footage
2428
Type
Single-Family
Parking
Attached Garage
Year build
1969
Lot size
11094.00 sqft
Bedrooms
4
Bathrooms
3
Half Bathrooms
0
Summary

Cosmetic fixer 4BD/3BA Hamblen area home! Located on a quiet street this home features an updated kitchen with granite counters, upgraded kitchen cabinets, 2 gas fireplaces, newer gas furnace & central A/C, as well as formal dining, & a large finished basement. Ground pool in the very private back, sprinkler system, 2 car garage, & steel siding.


Terms:

Closing Date: November 7th, 2022

Buyer to pay closing costs (seller to pay own excise)

EMD: $10,000

House is sold "as-is"


Photos here


USING CASH

After Repair Value

$575k

Carrying Months

3

Less Estimate Costs:

Purchase Price

$360k

Rehab Costs

$60k

Buying Costs

$ 1,832

Carrying Costs

$ 1,707

Selling Costs

$ 31,790

Resell Profit

$111,129

Total ROI

over 3 months

26.24%

Cash In

$ 423,456

This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.
Videos

Inside Video Walkthrough

Outside Video Walkthrough

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Will

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